The toolbar is always visible but can be made smaller with the rollup button (the up arrow icon). I'm going to add an option to disable the toolbar for those that don't wait to use it as well as docking/autohide options and the ability to collapse it to an even smaller size.
Wife was getting a bit upset at all the time I been working on it the past couple days so I had to put it away for the day

Do you need to delete the old one, or do you just install on top of it?

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Install on top. If you want to start fresh and/or backup your settings navigate to c:\users\USERNAME\local\RadialMenu\RadialMenu.exe_Url_1t2jsfhaqup4qihqkwkkkronizlidbb2\0.1.84.XX

Your path will be slightly different but in that folder is a file "user.config" where all settings are stored. Move or delete that file and when you run radialmenu it'll create a new one as if it's a fresh install.

New version of RadialMenu, the toolbar is now able to be collapsed down to a single icon for use solely as a radialmenu activator. This version feels pretty stable to me and the toolbar addition is at a very usable state, so other then bug fixes, development on that portion of RadialMenu is going to slow down some

some suggestion:
-Release hot key to select (less clicking): Hotkey down = the menu appear, user hover the desired item, hotkey up = item launched
-Possibility to choose background color and maybe transparnecy for each item for more visibility
-possiblity to choose bigger images and implement pngs (with tranparency)
-possiblity too chose as hotkey : one finger touch, two/three/four finger touch (touch only). In the same Idea, doing a touch drag in a given direction (like 90°) would quickly fire the top item 45°=fire the right/top item

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I'll be looking into these issues over the next few days now that I got the toolbar to a usable state.

"-Release hot key to select (less clicking): Hotkey down = the menu appear, user hover the desired item, hotkey up = item launched"
This should be pretty easy to do.

"-Possibility to choose background color and maybe transparnecy for each item for more visibility"
This used to be an option about a year ago, along with font size, background color, border color, button shape/menu shape. I could put it back in if I find the time. I gutted most of that code because it was tied in with my old licensing system back when I was going to release a free version and an upgraded more customizable version for a few bucks.

"-possiblity to choose bigger images and implement pngs (with transparency)"
.pngs should work fine, but I haven't tried it a while, i'll see what's going on.

"-possiblity too chose as hotkey : one finger touch, two/three/four finger touch (touch only). In the same Idea, doing a touch drag in a given direction (like 90°) would quickly fire the top item 45°=fire the right/top item"
Touch input is a snap to handle in windows 8+, but not so much in earlier versions. I'll see what I can do, though I have no touch enable windows machine to test it with.